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REGISTERED NUMBER: 09125182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EFFICIENCY PLUS LIMITED

EFFICIENCY PLUS LIMITED (REGISTERED NUMBER: 09125182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EFFICIENCY PLUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Farquharson





REGISTERED OFFICE: 97 Norfolk Avenue
South Croydon
Surrey
CR2 8BY





REGISTERED NUMBER: 09125182 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

EFFICIENCY PLUS LIMITED (REGISTERED NUMBER: 09125182)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,725 11,371

CURRENT ASSETS
Debtors 6 84,578 29,774
Cash at bank 49,281 83,997
133,859 113,771
CREDITORS
Amounts falling due within one year 7 48,717 27,244
NET CURRENT ASSETS 85,142 86,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,867

97,898

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 94,866 97,897
SHAREHOLDERS' FUNDS 94,867 97,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2024 and were signed by:





M Farquharson - Director


EFFICIENCY PLUS LIMITED (REGISTERED NUMBER: 09125182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Efficiency Plus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

EFFICIENCY PLUS LIMITED (REGISTERED NUMBER: 09125182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2022 1,950 26,955 28,905
Additions 650 - 650
At 31 March 2023 2,600 26,955 29,555
Depreciation
At 1 April 2022 1,950 15,584 17,534
Charge for year 22 2,274 2,296
At 31 March 2023 1,972 17,858 19,830
Net book value
At 31 March 2023 628 9,097 9,725
At 31 March 2022 - 11,371 11,371

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,786 -
Other debtors 53,323 28,443
VAT 10,407 -
Prepayments and accrued income 1,062 1,331
84,578 29,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,014 7,713
Corporation tax 13,942 -
Social security and other taxes 635 -
VAT - 142
Other creditors 4,382 602
Director's loan account 10,144 17,187
Accruals and deferred income 1,600 1,600
48,717 27,244

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £10,144 (2022: £17,187) due to M Farquharson, director. No interest (2022: £Nil) has been charged on this balance during the year and there are no set repayment terms